Almond Ingredients Market is projected to reach $16.4 billion by 2025

Posted June 17, 2019 by kmitalee

Almonds are majorly consumed as a snack all around the world due to their nutritional benefits; additionally, consumers perceive them as a natural and healthy snack option.

The report "Almond Ingredients Market by Type (Whole, Pieces, Paste, Flour, Milk, Oil, Extracts), Application (Snacks & Bars, Bakery & Confectionery, Milk Substitutes & Ice creams, Nut & Seed Butters, RTE Cereals, Cosmetics), and Region - Global Forecast to 2025", published by MarketsandMarkets. The almond ingredients market is estimated to be valued at USD 9.0 billion in 2019 and is projected to reach USD 16.4 billion by 2025, recording a CAGR of 10.6% from 2019 to 2025. Growing application sectors, increasing demand for fortified food products, and rising demand for almond-based processed foods across the regions are factors driving the growth in the almond ingredients market.

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The whole almonds segment is estimated to account for the largest share in the almond ingredients market in 2019

Based on type, the market is segmented into whole almonds, almond pieces, almond paste, almond flour, almond milk, and others. The whole almonds segment is estimated to account for the largest market share in 2019. This is attributed to the growing demand for whole almonds in various food applications such as snacks, confectionery, and bakery. The whole almonds are very versatile and suitable for various applications. The constantly evolving economic standards across the world, coupled with healthier food habits, have considerably impacted the growth of whole almond sales in recent years. Due to these factors, the whole almond segment is estimated to account for a larger market share in 2019.

Browse in-depth TOC on "Almond Ingredients Market"

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The snacks & bars segment is projected to witness the fastest growth in the almond ingredients market from 2019 to 2025

By application, the almond ingredients market is segmented into snacks & bars, milk substitutes & ice creams, bakery & confectionery, nut & seed butters, RTE cereals, and others. The snacks & bars segment is estimated to grow at the highest CAGR, due to the rise in demand for almond-based snack products. Consumers are also shifting from conventional snacks to nutritional snack products, which, in turn, is driving the overall demand for almond ingredients.

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Europe is estimated to dominate the almond ingredients market, in terms of value and volume, in 2019.

Europe is witnessing a growing trend of high nutritious food due to health benefits. The region also witnesses the presence of leading almond ingredient manufacturers including Barry Callebaut Group (Switzerland), Borges Agricultural & Industrial Nuts (Spain), and Savencia SA (France). Currently, the market is majorly being driven by rising health awareness among European consumers, along with the increasing demand for low-calorie and low-fat food & beverage products.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US), Borges Agricultural & Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almond (US), Royal Nut Company (Australia), and Döhler GmbH (Germany).

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Issued By MarketsandMarkets™ INC.
Country United States
Categories Food
Tags Almond Ingredients Market
Last Updated June 17, 2019